Gerdau Ameristeel Announces Details of Annual Meeting of Shareholders

    TAMPA, FL, May 11 /CNW/ - Gerdau Ameristeel Corporation (NYSE:   GNA; TSX:
GNA) announced today that its Annual Meeting of Shareholders will be held on
Wednesday, May 13, at 9:30 a.m. ET at The St. Andrew's Club and Conference
Centre, 150 King Street West, 27th Floor, Toronto, Ontario.
    The presentation will be webcast live. To access the webcast go to: or
    Please connect at least 15 minutes prior to the start of the webcast to
ensure adequate time for any software download that may be required. An
archived replay will be available for 365 days.

    About Gerdau Ameristeel

    Gerdau Ameristeel is the second largest mini-mill steel producer in North
America with annual manufacturing capacity of approximately 12 million tons of
mill finished steel products. Through its vertically integrated network of 19
mini-mills (including one 50% owned joint venture mini-mill), 23 scrap
recycling facilities and 60 downstream operations, Gerdau Ameristeel serves
customers throughout the United States and Canada. The Company's products are
generally sold to steel service centers, steel fabricators, or directly to
original equipment manufacturers ("OEMs") for use in a variety of industries,
including non-residential, infrastructure, commercial, industrial and
residential construction, metal building, manufacturing, automotive, mining,
cellular and electrical transmission and equipment manufacturing. Gerdau
Ameristeel's majority shareholder is the Gerdau Group, a 100+ year old steel
company, the largest producer of long steel products in the Americas and the
world leader in specialty long steel for the automotive industry. Gerdau
Ameristeel's common shares are traded on the New York Stock Exchange, and the
Toronto Stock Exchange under the ticker symbol GNA.

For further information:

For further information: Investor Relations Contact: Barbara Smith, Vice
President & CFO, (813) 319-4324,

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